RATE Group | Ethereum (ETH) Long-term Price Analysis
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Ethereum (ETH) Long-term Price Analysis

20 Aug Ethereum (ETH) Long-term Price Analysis

Posted at 03:02h in Ethereum News by

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Ethereum (ETH) Long-term Price Analysis

ethereum-eth-long-term-price-analysis-5

  • The Stochastic Oscillators have crossed into oversold zone to touch range 20 and are pointing north. This means a bullish trend may come sooner than expected.

  • The accumulation territory of $250 has served as the strong support that the bears have been unable to breach, but managed to test.

ETHUSD Long-term Trend – Bearish

Distribution territories: $600, $650, $700.

Accumulation territories: $200, $150, $100.

Ethereum has been experiencing depreciation against the US dollar this week. The cryptocurrency kept declining until Aug. 15, at which point it started correcting upwards. A strong considerable spike occurred on Aug. 17.

Ethereum, ETHUSD, Cryptocompare chartEthereum Chart by TradingView

On the following day, its price was pushed down to the bottom…

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